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VC Rumor Mill: Skyline Solar Funding and More

Eric Wesoff: October 17, 2008, 10:06 AM

I’m still chasing down confirmation on these items, so take them with a grain of salt, and feel free to contact me if you know otherwise. wesoff@greentechmedia.com

1. Skyline Solar, a low-concentration PV firm using silicon helmed by Bob MacDonald (formerly of SolFocus) has reportedly closed a $25 million round from New Enterprise Associates. Word has it that despite jittery market conditions, there was a minor bidding war between NEA and another top tier VC firm.

Interestingly, NEA is a backer of SolFocus, a high-concentration PV firm as well as an investor in Solar Junction, a stealth startup fabricating III-V materials for CPV. This leaves NEA rather exposed in the zero...

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The Saudi Arabia of ‘Your Name Here’

Michael Kanellos: October 17, 2008, 5:00 AM
If you aren't the Saudi Arabia of something, you're just not cutting it. Here's a list of some of the claims for Saudi Arabia-hood from the alternative energy world. The Saudi Arabia of Tidal Power: The Pentland Firth, separating Scotland from the Orkney Islands. It could provide up to 25 percent of Europe's tidal power. But don't include wave power in that. Both Scotland and Ireland claim to be the Saudi Arabia of wave. The Saudi Arabia of Wind: The Great Plains states. Three of them -- North Dakota, Kansas and Texas -- could provide the bulk of the electrical needs of the U.S., claim advocates. North Dakota also holds claim to being the Saudi Arabia of compressed air storage...

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